Thursday, November 26, 2009
Sales of new homes rose more than expected last month to the maximum level in more than a year as the housing market shows stability after its historic collapse.
The Commerce Department says sales rose 6.2 percent to a seasonally adjusted yearly rate of 430,000 from an upwardly revised 405,000 in September. Economists surveyed by Thomson Reuters had expects a pace of 410,000.
House shoppers in October were acting before lawmakers decided to extend a tax credit for first-time buyers and expand it to existing homeowners. Nevertheless, sales were up 5.1 percent from a year ago, the first yearly raise since November 2005.
The median sales price of $212,200 was off 0.5 percent from $213,200 a year previous, but up 0.7 percent from September's level of $210,700.
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by World House Info @ 11:10 PM
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Friday, November 20, 2009
Although analysts had forecast a raise in construction of new homes, the pace fell sharply compared with the prior month. The figures show a 30.7% drop comparing with October 2008.
New-home construction fell piercingly last month, underscoring the fragility of the fledgling housing recovery.
New-home construction fell piercingly last month, underscoring the fragility of the fledgling housing recovery.
Housing starts unpredictably fell 10.6% to a seasonally adjusted 529,000 annual rate in October compared with the prior month, the Commerce Department said Wednesday. That was 30.7% drop from October 2008.
Housing starts in the West, including California, fell 8.5% to a seasonally adjusted 108,000 annual rate in October compares with the prior month.
The number of new building permits last month also fell, by 4%, to a seasonally adjusted yearly rate of 552,000 from the previous month, the Commerce Department said.
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by World House Info @ 4:44 AM
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